According to Foresight News, Alluvial, the developer of the institutional-level liquidity pledge protocol Liquid Collective, announced the completion of a new round of strategic financing of US$4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (a venture capital company under FMR, LLC, the parent company of Fidelity Investments), and Nascent, bringing the total financing amount to US$22.5 million. This funding is intended to promote the development of purpose-built, open and configurable solutions to accelerate adoption in the institutional pledge market.